Technology: Page 78
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Stripe's new $95B valuation makes it the most valuable Silicon Valley startup
The payments processing company's new valuation is based on raising $600 million in new capital that it plans to use for further expansion in Europe.
By Lynne Marek • March 15, 2021 -
Mobile wallet industry to reach $3.5 trillion by 2023, report finds
Western countries are behind in adopting the technology, but the pandemic accelerated the digital transformation of payments, according to a report from Finaria.
By Tatiana Walk-Morris • March 12, 2021 -
Explore the Trendline➔
1401461124 via Getty ImagesTrendlineTop 5 stories from Payments Dive
The digital evolution of payments is roiling the industry, forcing companies to rethink pricing schemes and revamp corporate strategies. Embedded payments, earned wage access, real-time systems and other innovations will transform the business.
By Payments Dive staff -
Ride-hailing, payments startup Grab reportedly weighs SPAC with $40B valuation
The startup has established both a digital wallet as well as a rewards system and numberless credit card.
By Anthony Epling • March 12, 2021 -
JPMorgan to pull Chase Pay from merchant apps, sites March 31
The bank announced in 2019 it would shut down the platform's stand-alone app. Merchant acceptance — about 1% in 2019 — has paled in comparison to competitor Apple Pay's 40%.
By Robert Freedman • March 10, 2021 -
Kings of Leon releases new album as a 'non-fungible token'
NFTs, a part of a crypto uptick in the music industry, let musicians see royalties for album sales much faster than with traditional royalty payments, Yellowheart CEO Josh Katz said.
By Anthony Epling • March 9, 2021 -
PayPal to acquire digital asset firm Curv
The acquisition follows PayPal's recent expansion of its digital wallet capabilities, including enabling buying, selling and holding cryptocurrency.
By Andy Burt • March 9, 2021 -
Mint, Shiba. (2020). "A physical 24 carat gold-plated copper depiction of 10 Dogecoins". Retrieved from Wikimedia Commons.
Dallas Mavericks to accept crypto Dogecoin to buy tickets, merchandise
Critics contend the move to accept "joke coins" is a mistake, and the cryptocurrency's instability may harm consumers.
By Anthony Epling • March 8, 2021 -
Plaid payroll product streamlines income verification
Plaid Income is the second product the company has launched since the termination of a proposed $5.3 billion tie-up with Visa, signaling the scrapped deal is not slowing the expansion of the fintech's suite.
By Anna Hrushka • March 8, 2021 -
Panda Express opens first ghost kitchen in San Francisco
The delivery-only location is Panda's initial step in offering faster dining solutions for off-premise guests, with plans to test more concepts this year.
By Julie Littman • March 8, 2021 -
PayPal CFO: Pandemic has created 'inflection point' for digital payments
The virtual payments processor does not anticipate a post-pandemic drop in business, and intends to double its user base and triple total payment volume, according to John Rainey.
By Jane Thier • March 5, 2021 -
SEC chair nominee promises to write crypto guidelines
Gary Gensler aims to zero in on which cryptocurrencies should be treated as securities.
By Robert Freedman • March 4, 2021 -
Stimulus payments fuel surge in ACH transactions
Nacha, which governs the ACH network, recently announced its plans to increase the same day transfer limit from $100,000 to $1 million, effective March 18, 2022.
By Ted Jackson • Updated April 6, 2021 -
59% of US shoppers see Amazon Go as a threat to Walmart, Kroger, study finds
Stores similar to Amazon's cashierless convenience locations appeal to more than half of U.S. consumers, according to a Piplsay survey.
By Catherine Douglas Moran • March 3, 2021 -
Column
Goldman crypto trading desk relaunch portends softer industry stance on Bitcoin
The bank follows BNY Mellon and JPMorgan in greater crypto acceptance, in a reversal from a May report in which Goldman called Bitcoin an "unsuitable investment." Citi this week said the currency is at a "tipping point."
By Dan Ennis • March 3, 2021 -
Payments startup Klarna raises $1B in funding, hits $31B valuation
The funding makes it the highest-valued private fintech in Europe and the second-highest globally, according to the company.
By Tatiana Walk-Morris • March 2, 2021 -
Inside Marqeta's plans to grow its 'card-as-a-service' offering
The card issuer and processor is differentiating through a flexible, API-based platform that helps clients launch card offerings in months instead of years.
By Suman Bhattacharyya • March 2, 2021 -
Auto retailer HGreg to accept cryptocurrency for purchases
The company is one of the first auto groups to accept this form of payment, joining a growing host of companies willing to demonstrate their confidence in crypto.
By Anthony Epling • March 2, 2021 -
Gemini Exchange moves into credit cards, yield-bearing programs
Crypto exchange’s push is the latest in the growing list of blockchain players adding banking-like benefits.
By Ted Jackson • March 1, 2021 -
Pandemic fueled 32.4% e-commerce surge in 2020
The biggest jump in online sales occurred shortly after states issued stay-at-home orders. E-commerce sales jumped 44.4% in the second quarter compared to the same quarter in 2019, Census data shows.
By Robert Freedman • March 1, 2021 -
Crypto exchange Coinbase files for IPO, valuation could exceed $100B
The move serves as another signal of the growing acceptance of cryptocurrency as a store of value.
By Robert Freedman • Updated March 18, 2021 -
Valadi, Sam. (2012). "Empire State - New York City" [Photograph]. Retrieved from Flickr.
Tether, crypto exchange Bitfinex to pay $18.5M to settle NY probe
Tether will give officials quarterly reports on its reserves and end trading with the state's residents in an agreement that ends a two-year investigation into allegations it hid the loss of $850 million in client and corporate money.
By Dan Ennis • Feb. 24, 2021 -
BNY Mellon invests in Fireblocks following startup's digital wallet launch
The bank invested in the startup a month after Fireblocks and First Digital partnered to roll out a secure wallet and infrastructure for financial institutions to connect to Facebook's Diem digital currency network.
By Anthony Epling • Updated March 19, 2021 -
Why Global Payments went multicloud
Large companies venture down the multicloud path to support different business arms.
By Katie Malone • Feb. 11, 2021 -
Valadi, Sam. (2012). "Empire State - New York City" [Photograph]. Retrieved from Flickr.
BNY Mellon commits to holding, transferring and issuing crypto
The New York-based bank said Thursday it is developing a client-facing prototype for a multi-asset digital custody and administration platform set to roll out this year.
By Dan Ennis • Feb. 11, 2021 -
Peapod founders re-enter grocery e-commerce with custom shopping tool
Brothers Andrew and Thomas Parkinson's new service, Sifter.shop, lets customers filter groceries based on health-related criteria and then transmit their orders to selected grocers.
By Sam Silverstein • Feb. 10, 2021